South Carolina General Assembly
112th Session, 1997-1998

Bill 4466

                    Current Status

Bill Number:                    4466
Ratification Number:            282
Act Number:                     268
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19980121
Primary Sponsor:                Sheheen
All Sponsors:                   Sheheen and H. Brown 
Drafted Document Number:        jic\5162htc.98
Date Bill Passed both Bodies:   19980204
Date of Last Amendment:         19980203
Governor's Action:              S
Date of Governor's Action:      19980220
Subject:                        Income tax, reference date updated
                                whereby state adopts Internal Revenue
                                Code of 1986; Taxation
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19980306  Act No. A268
------  19980220  Signed by Governor
------  19980217  Ratified R282
House   19980204  Concurred in Senate amendment,
                  enrolled for ratification
Senate  19980203  Read third time, returned to House
                  with amendment
Senate  19980203  Amended
Senate  19980203  Reconsidered whereby read third time
Senate  19980203  Recalled from Legislative Council
Senate  19980130  Read third time, enrolled for
                  ratification
Senate  19980129  Read second time, unanimous
                  consent for third reading on
                  Friday, 19980130
Senate  19980128  Recalled from Committee,                 06 SF
                  placed on the Calendar
Senate  19980127  Introduced, read first time,             06 SF
                  referred to Committee
House   19980123  Read third time, sent to Senate
House   19980122  Unanimous consent for third
                  reading on the next Legislative day
House   19980122  Read second time
House   19980121  Introduced, read first time,
                  placed on Calendar without reference
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A268, R282, H4466)

AN ACT TO AMEND SECTION 12-6-40, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR PURPOSES OF THE STATE INCOME TAX, SO AS TO UPDATE THE REFERENCE DATE WHEREBY THIS STATE ADOPTS VARIOUS PROVISIONS OF THE INTERNAL REVENUE CODE OF 1986.

Be it enacted by the General Assembly of the State of South Carolina:

Reference date

SECTION 1. Section 12-6-40(A) of the 1976 Code, as last amended by Section 10A, Part II, Act 155 of 1997, is further amended to read:

(A) 'Internal Revenue Code' means the Internal Revenue Code of 1986 as amended through December 31, 1997, and includes the effective date provisions contained therein.

Time effective

SECTION 2. This act is effective for taxable years beginning after 1996.

Approved the 20th day of February, 1998.